District Network Operator (DNO) Northern Powergrid has opened an online auction aimed at procuring 100MW of flexible energy capacity across, largely from businesses. Under the e-auction scheme, called ‘Restore Flexibility’, businesses which consume large amounts of energy, generate their own power or operate energy storage arrays will be encouraged to sell their flexibility services for a set price per MWh. This price will be set using a “reverse Dutch” format, whereby the auctioneer incrementally raises the price from a low starting point until a bidder agrees to sell. When a final contract is awarded, successful businesses will enter a pool of assets across Yorkshire, northern Lincolnshire and the North East, which will be instructed to collectively turn up or down to support a stable power supply in the region.
Edie 22nd Nov 2019 read more »